Trading app’s revenue was dented by pullback in cryptocurrency trading, raising questions about the platform’s staying power

Robinhood Chief Executive Vlad Tenev, with white shirt and no tie, when the trading platform went public this summer.

Photo: Amir Hamja for The Wall Street Journal

This was supposed to be Robinhood Markets Inc.’s big year.

The trading platform started 2021 with the kind of following some companies can only dream about. It had amassed more than 12 million customers with funded accounts since launching in 2015 and was reaping the benefits of a retail-trading boom. A highly anticipated public-trading debut was in the offing.

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